Tuesday, October 8, 2013

Anything fishy here?

Sometimes you can be afraid if there is an abrupt change in auditors. And in this case it is really sudden given the circumstance as reported. And the guy who has nominated for the new auditor has been selling in large quantities.

2 comments:

In order to be an independent auditor, you can't hold material/substantial interests in the audited company. Hence, by selling its stake down is something they ought to do. Funny thing is like the auditor seems to know that it gonna be nominated and thus selling down the stake.

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